i'm not really sure we will bounce here. btc dominance at over 53 % yes most altcoin breakdown support even eth hit 250 usd break 350 usd support. remember first time we hit 6000 usd in february eth was at 600 $ ripple at 0.63 $.
i think bitcoin is overpriced so need to go lower, or altcoin is underpriced.
also we bounce here 3 time in most case support don't hold 4 time quadruple bottom is really rare.
i'm seeing only 2 possibility
1 altcoin do huge bounce form here and btc hold support and bounce here we turn in bull market again.
2 altcoin range bitcoin break support we will looking at 4200-5200
i think bitcoin is overpriced so need to go lower, or altcoin is underpriced.
also we bounce here 3 time in most case support don't hold 4 time quadruple bottom is really rare.
i'm seeing only 2 possibility
1 altcoin do huge bounce form here and btc hold support and bounce here we turn in bull market again.
2 altcoin range bitcoin break support we will looking at 4200-5200
Comment:
altcoin look to turn bullish so is possible bitcoin breakout now.
Comment:
or we might get range or bearish btc with bullish altcoin is also possible
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